Public Employees Retirement System of Ohio Cuts Stock Position in UBS Group AG $UBS

Public Employees Retirement System of Ohio cut its stake in shares of UBS Group AG (NYSE:UBS) by 2.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,392,368 shares of the bank’s stock after selling 68,047 shares during the period. Public Employees Retirement System of Ohio’s holdings in UBS Group were worth $92,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in UBS Group by 73.9% in the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock valued at $1,927,000 after buying an additional 26,728 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in UBS Group by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock worth $137,000 after buying an additional 708 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of UBS Group by 3.1% in the 1st quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock worth $1,279,000 after acquiring an additional 1,267 shares during the period. Focus Partners Wealth lifted its stake in shares of UBS Group by 11.6% in the 1st quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock worth $432,000 after acquiring an additional 1,469 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after acquiring an additional 573 shares in the last quarter.

Analysts Set New Price Targets

UBS has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Monday, June 29th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Monday. Weiss Ratings cut UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Performance

Shares of UBS opened at $51.54 on Friday. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. UBS Group AG has a 52-week low of $35.94 and a 52-week high of $55.15. The company has a 50-day simple moving average of $49.57 and a 200-day simple moving average of $45.16. The company has a market capitalization of $161.01 billion, a PE ratio of 18.47, a P/E/G ratio of 0.82 and a beta of 1.19.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.16 billion. Equities research analysts predict that UBS Group AG will post 3.51 earnings per share for the current fiscal year.

About UBS Group

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.